Category: Retail

Amazon Prime Day Is Upon Us

By AnswerStock•

One of the year’s biggest shopping events has arrived…

After capturing enormous profits by pushing its Prime delivery service, e-commerce leviathan Amazon began Prime Day in 2015. And every year since then, it’s racked up tremendous sales in its very own Black Friday style extravaganza.

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3 Reasons Why Lululemon is Still a Good Buy

By AnswerStock•

Lululemon’s shares are up 53% year to date.

Analysts are becoming increasingly bullish when it comes to Lululemon — and for good reason.

The company’s shares are up more than 50% year to date. Stifel recently raised its price target on Lululemon to $238 from $209, citing the company’s loyalty program as the reason.

But there’s more…

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Levi Strauss Investors Are Frustrated

By AnswerStock•

The company’s shares fell after a disappointing earnings report.

On Tuesday, Levi Strauss released its second-quarter earnings report and the results weren’t quite what investors were expecting. The company’s shares fell 6% after investors learned it had fallen short on profit expectation.

During the second quarter, Levi Strauss earned 7 cents per share in comparison to earnings of 19 cents per share a year earlier.

So, what’s happening?

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Chewy’s Success Shows Growing Demand for Pet Retailers

By AnswerStock•

Chewy’s shares continue to trade above its IPO price of $22.

Online pet retailer Chewy made an impressive debut during its initial public offering on June 14. The company’s shares rose 88% from its offering price of $22 per share and ended the day at $34.99.

The stock has fallen since then, though Chewy’s shares continue to trade for about their IPO price. On Tuesday, JP Morgan Chase initiated the stock as overweight. 

Here’s what Chewy’s doing well, and why it’s a great sign for the pet industry…

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eBay, Target Pile onto Amazon’s Prime Day Fame

By AnswerStock•

It’s almost Amazon Prime day again, and eBay has something to say about it…

This year, eBay, a major Amazon retail competitor, is conducting its own promotions and taking some potshots at the Bezos operation, a retailer that has built Amazon Prime day into a major national celebration.

eBay’s efforts are being referred to as a “Crash Sale” happening July 15. That’s the first of two Prime days this year as Amazon expands its own promotion into a two-day extravaganza. Last year, Amazon saw shoppers purchase over 100 million products, with sales of new tech gear like Alexa, Echo and FireTV Stick items popular.

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